Latest news with #PebblebrookHotelTrust
Business Wire
2 days ago
- Business
- Business Wire
Pebblebrook Hotel Trust Declares Dividends for Second Quarter 2025
BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (the 'Company') today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on July 15, 2025, to shareholders of record as of June 30, 2025 (the 'Record Date'). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company's preferred shares of beneficial interest as follows, each of which will be paid on July 15, 2025, to shareholders of record as of the Record Date: $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share; $0.39375 per 6.3% Series F Cumulative Redeemable Preferred Share; $0.39844 per 6.375% Series G Cumulative Redeemable Preferred Share; and $0.35625 per 5.7% Series H Cumulative Redeemable Preferred Share. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ('REIT') and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 46 hotels, totaling approximately 12,000 guest rooms across 13 urban and resort markets. For more information, visit and follow @PebblebrookPEB. This press release contains certain 'forward-looking statements' made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as 'may,' 'will,' 'should,' 'potential,' 'intend,' 'expect,' 'seek,' 'anticipate,' 'estimate,' 'approximately,' 'believe,' 'could,' 'project,' 'predict,' 'forecast,' 'continue,' 'assume,' 'plan,' references to 'outlook' or other similar words or expressions. These forward-looking statements relate to the payment of the dividends. These forward-looking statements are subject to various risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy and the supply of hotel properties, and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For further information about the Company's business and financial results, please refer to the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors' sections of the Company's SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company's website at All information in this press release is as of June 16, 2025. The Company undertakes no duty to update the statements in this press release to conform the statements to actual results or changes in the Company's expectations.
Skift
05-06-2025
- Business
- Skift
Marriott Opens Its First-Ever StudioRes Hotel
STR reported U.S. lodging data for the week ended May 31. U.S. hotel RevPAR was down 1.9%, led by a 1.6% decline in occupancy. Group RevPAR was up 60 basis points. Morgan Stanley held their 2025 Travel & Leisure Conference at the same time as the NYU Conference, with many of the same companies presenting at both. MS said most companies talked about a better demand backdrop as tariff talks progressed and volatility eased, but within sectors, MS pointed out the disparity, highlighting TNL vs. VAC, MAR/HLT vs. CHH/WH, and others, owing to the spreading out of more limited demand growth. MS also continued to hear positive commentary on the high end of their hotel owner/operator panel. C-Corps reiterated confidence in room growth, and nobody actually admitted to seeing any signs of a recession despite all the concerns. As the insiders at Pebblebrook Hotel Trust continued buying stock, Truist Securities lowered their target price to $9 from $10. They maintained their Hold rating. Marriott International, Inc. announced the opening of StudioRes Fort Myers, the first-ever StudioRes hotel and the company's debut in the midscale extended stay segment. The 124-key property offers communal spaces, outdoor patios, fitness centers, food and beverage vending, and casual workspaces. Marriott anticipates strong growth for StudioRes in the coming years, with over 40 properties across the U.S. and Canada anticipated to open by the end of 2027. The Renaissance Boston Seaport District debuted its new multi-million dollar renovation, including its 471 guestrooms and suites, expansive Club Lounge, and re-imagined lobby. Situated in Boston's lively Seaport District, the property offers 21,000 square feet of meeting and event space, an indoor pool, sauna, fitness center, and Peloton rooms. The property's dining establishments include Capiz, Starbucks, and the Club Lounge for Marriott Bonvoy members. In McKinney, Texas, the city council has approved a resolution authorizing the city manager to execute a Chapter 380 Economic Development Program and Agreement with Craig Ranch Luxury Hotel to bring a JW Marriott resort hotel to the city. The luxury hotel will feature 290 rooms, over 51,000 square feet of conference space, a pool with a lazy river, a fitness center, multiple dining options, a lounge with a terrace and poolside service, pickleball courts, a business center, and a retail gift shop. The project will also include at least 45 for-sale condominiums served by a dedicated amenity deck. The Hilton New York Fashion District unveiled a fresh new look as part of extensive property-wide renovations. The property updates include a complete refresh of all 280 guestrooms, public spaces, and meeting areas. The property also includes a rooftop bar, modern dining options, a business center, and a fitness center. The Hilton New York Fashion District is managed by Aimbridge Hospitality. The renovation was managed by Aimbridge's Design & Construction team. Park Hotels & Resorts is planning to develop another tower at its Hilton Waikoloa Village campus on Hawaii Island that would cost between $225 million and $250 million. The project would develop 213 additional keys at Hilton Waikoloa Village. According to Park Hotels & Resorts, plans are for the structure to be either a hotel or a timeshare. These plans for a major expansion come as Park is already investing in a $68 million renovation to its Palace Tower at the Waikoloa resort. It also has several projects on Oahu at its Hilton Hawaiian Village Waikiki Beach Resort, including the planned AMB Tower, which is awaiting city approval, and an $83 million renovation to its Rainbow Tower. Additionally, if the AMB Tower is approved, Park said this could open up a potential 39-key expansion at its Diamondhead Tower by moving existing administrative and sales offices to the new tower. With current renovations at its Waikiki and Waikoloa campuses, and if the new towers are approved at both properties, these projects could amount to around $861 million to $931 million in total. Four Seasons, in partnership with Strategic Property Partners, announced plans for a new luxury hotel and private residences in Charleston, South Carolina. Featuring 139 guestrooms and 36 branded residences, the upcoming eight-story, newly built Four Seasons Hotel and Residences Charleston will be located in the city's historic district. The hotel will feature four restaurants and bars, an outdoor pool with private cabanas, 7,000 square feet of event space, a spa, a fitness center, and curated retail offerings. Ennismore announced four new hotel signings in Mexico and the joining of Balfour Miami Beach to the Morgans Originals collection. The four landmark signings in Mexico include Delano East Cape in Los Cabos, Hyde Mexico City, The Hoxton Mexico City, and Mama Shelter Mexico City. Delano will bring 117 guestrooms and 60 branded residences in 2029. Hyde Mexico City will boast 215 rooms. The Hoxton will open in 2028, featuring 80 guestrooms, and Mama Shelter will offer 100 keys from late 2025. Other recent signings in the Americas for Ennismore include Hyde Mazatlan and The Hoxton Nashville. Opening in 2027, Hyde Mazatlan will offer 150 guestrooms and 22 suites. The Hoxton Nashville, set to open in 2027, will be home to over 200 guestrooms. Balfour, an Art Deco gem located in Miami's upscale South of Fifth enclave, joins Morgans Originals with 83 rooms. With over 45 residential projects launched and under development across 20 countries, including the U.S., Spain, Mexico, Saudi Arabia, and the UAE, Ennismore has seen significant growth in its branded residences portfolio, which includes the newly signed Mondrian Residences Hallandale Beach, Florida, which comprises 250 luxury condominiums across 26 floors. In April 2025, Ennismore entered exclusive negotiations with Royal Holiday Group, which would, once completed, result in the addition of six all-inclusive resorts with over 1,600 rooms to join its ALL Inclusive Collection. The transaction contemplates three resorts in Puerto Vallarta, Cozumel, and Cancun, which will undergo renovations and be rebranded as Rixos Hotels. The remaining properties in Cancun, Acapulco, and Ixtapa would remain under the existing brand. In partnership with LCH Development Limited, Ennismore will debut two brands across three buildings. Two will offer luxury residences and private villas, while the third will be home to a 2400-key branded luxury hotel. The 171-room Delano Miami Beach will reopen in late 2025 following a significant renovation, led in partnership with Cain International. Hunter Hotel Advisors announced the sale of the Hampton Inn & Suites Nashville-Airport. Image Hotels acquired the property from Tara Investments. The hotel offers 111 guestrooms, a fitness center, and an outdoor pool. Hyatt Hotels Corporation announced the grand opening of Secrets St. Lucia Resort & Spa, an exclusive adults-only, all-inclusive resort located on the island's northwestern coast. The opening marks the first Secrets Resorts & Spas-branded property, further strengthening Hyatt's Inclusive Collection's brand presence in the destination. The resort offers 355 accommodations, five a la carte gourmet restaurants, one buffet, seven bars and lounges, tennis and pickleball courts, Secrets Spa, 1,895 square feet of meeting space, and more. Global Highlights Choice Hotels International, Inc. continues to expand its international footprint, with 31 hotels and more than 3,300 rooms onboarded year-to-date outside of the U.S., and over 11,000 rooms added to the pipeline over the same period, resulting in a net pipeline increase of 95% since the beginning of the year. This growth is fueled in large part by the company's gains in the upscale and upper-upscale segment, which encompasses hotel brand debuts in new markets across Canada, the Caribbean and Latin America, Europe, China, and Australia. These developments include recent Radisson Blu and Cambria signings in Argentina and Canada, respectively, and the company's latest announcement to significantly expand in the Chinese market through a new long-term distribution and master franchise agreement with SSAW Hotels & Resorts. This agreement immediately adds 68 upscale and upper upscale, full-service SSAW properties, totaling more than 9,500 rooms, to the Ascend Collection, with prospects to add more hotels. This continued growth is supported by Choice Hotels' investments in technology to help its hotels succeed, including its recent partnership with Mews. With 180 hotels representing over 25,000 rooms, the Caribbean and Latin America region remains a stronghold for Choice Hotels' growth in the Americas. In 2025, the company opened several properties, including Radisson San Luis Potosi, Mexico, and the Radisson Riviera Panama. In May, it opened V Grand Hotel, a member of Radisson Individuals in Medellín, Colombia. Choice Hotels will also enter new markets in the region this year: In the third quarter, it will open a Radisson Blu in Bariloche, Argentina. Choice Hotels also plans to introduce an Ascend Collection hotel in Calama, Chile, and a Radisson hotel in Suriname's capital, Paramaribo, later this year. Choice Hotels has recently renewed for 20 additional years its Exclusive Master Franchise Agreement with Atlantic Hospitality International in Brazil, which currently includes nearly 70 hotels with more than 10,000 rooms across segments. The agreement with SSAW adds prominent brands, Pagoda, Narada, SSAW Garden and Boutique, and Ginlan Jia, which are expected to be bookable on this year. Choice Hotels also continues to expand its midscale and upper midscale presence across the Asia-Pacific region, with five hotel openings year-to-date and three others expected to open later this year. In 2025, the company opened two Comfort Inn hotels in Graton, New South Wales; a Comfort Hotel in Tanabe, Japan; and in India, a Clarion Hotel in Kochi and a Quality Inn in Rajkot. Choice Hotels continues to scale its presence in Europe through strategic relationships and direct franchise agreements, adding 19 hotels year to date. In 2025, the company onboarded five hotels in Scandinavia through its relationship with Strawberry, including The Ice Hotel in Sweden, part of the Ascend Collection, and expects to add four more hotels later this year. In France, Choice Hotels added 34 properties between 2024 and 2025 including Comfort branded apart hotels by the French Riviera and in the town of Annecy through its strategic partnership with Zenitude; in Spain, it added six hotels in 2024 through its franchise with Faranda Hotels, including its Galacian seaside hotel, Hotel Faranda Rias Altas and expects to add five more hotels this year including those through its collaboration with Sercotel. Choice Hotels has executed a new deal to introduce its first Cambria Hotel in Canada in Thunder Bay, Ontario, in 2026. The company will also nearly double its Ascend Collection's market share in Quebec with six new openings planned this year and two expected openings in British Columbia. Europe Highlights IHG Hotels & Resorts announced the signing of Crowne Plaza Katowice, alongside DL Invest (Landlord) and Hotel & More (Tenant and Franchisee). Expected to open in 2026, the 178-room hotel will become the second Crowne Plaza property in Poland. Set across six floors, Crowne Plaza Katowice will feature a restaurant and lobby café, and a meeting and events space.
Yahoo
03-05-2025
- Business
- Yahoo
Pebblebrook Hotel Trust (PEB) Q1 2025 Earnings Call Highlights: Surpassing Expectations Amid ...
Same Property Hotel EBITDA: $62.3 million, surpassing the midpoint of the outlook by $4.3 million. Adjusted EBITDA: $56.6 million, $4.1 million above the outlook midpoint. Adjusted FFO: $0.16 per share, $0.05 above the midpoint. Same Property Total RevPAR: Increased 2.1% year over year. Urban Total RevPAR: Declined 2.2%, impacted by LA fires and Hyatt Centric renovation. Same Property Total Revenues: Increased 1% for the quarter. Same Property Hotel Expenses: Rose 3.7% year over year. Capital Investments: $16.7 million in capital projects during the quarter. Cash and Liquidity: $218 million in cash and over $640 million available on unsecured revolver. Business Interruption Income: $4.3 million recorded for the quarter, exceeding outlook by $300,000. Warning! GuruFocus has detected 3 Warning Sign with PEB. Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Pebblebrook Hotel Trust (NYSE:PEB) exceeded expectations for the first quarter of 2025, with strong occupancy gains and elevated ancillary revenue at resorts. The company achieved significant improvements in portfolio-wide operating efficiencies, holding expense growth well below outlook. Same property Hotel EBITDA totaled $62.3 million, surpassing the midpoint of the outlook by $4.3 million. Adjusted EBITDA came in at $56.6 million, $4.1 million above the outlook midpoint, and adjusted FFO was $0.16 per share, $0.05 above the midpoint. San Francisco and Washington DC showed strong performance, with RevPAR increases of 13% and 14.7% respectively, driven by business group and transient travel. Urban total RevPAR declined 2.2%, impacted by the LA fires and the Hyatt Centric conversion and renovation. March saw a softening in demand, with travel cancellations and reduced government-related travel impacting performance. Los Angeles properties experienced a challenging quarter with RevPAR declining 23.4% due to the fires, significantly affecting overall portfolio performance. The company anticipates a potential economic slowdown in the second half of the year, leading to a cautious outlook revision. International inbound travel declined by 10% in March, with ongoing concerns about the impact of US government policies on future travel demand. Q: Can you elaborate on the factors impacting the second half of the year, particularly regarding the potential impact of a mild recession? A: Jonathan Bortz, CEO, explained that the potential for a pullback in demand due to an economic slowdown is a significant concern. Additionally, reduced government and international travel are contributing factors. While these segments are small, they can still impact overall demand by one or two percentage points, which is significant given the current economic uncertainty. Q: Are you seeing any hesitancy in corporate spending and travel, and how does this compare to government and international travel pullbacks? A: Jonathan Bortz noted that while there hasn't been a downturn in business travel (BT) yet, there is variability across industries. Some sectors like financial and technology are up, while others are down. Companies are expressing caution due to uncertainty, which could lead to reduced travel spending over the year. Q: How might tariffs impact hotel-specific costs, such as food or hard goods? A: Jonathan Bortz mentioned that tariffs could affect new construction and renovation projects, as many furnishings and fixtures are sourced internationally. However, the company is nimble and adjusts pricing and menu items to mitigate these impacts. Ray Martz, CFO, added that the teams are proactive in managing these challenges. Q: What is the current state of the transaction market, and can investors expect more share repurchases? A: Thomas Fisher, CIO, stated that the transaction market is cautious due to economic uncertainty, with many in a wait-and-see mode. Ray Martz added that share repurchases will be evaluated based on macro conditions and capital uses, with flexibility due to strong free cash flow. Q: How is the Washington DC market performing given the reported decline in government demand? A: Jonathan Bortz explained that despite a decline in government demand, DC benefits from several positive factors, including a new administration, increased congressional days, and international visitors for trade negotiations. These factors help offset the negative impacts. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
25-03-2025
- Business
- Yahoo
Pebblebrook Hotel Trust Schedules First Quarter 2025 Earnings Release and Conference Call
BETHESDA, Md., March 25, 2025--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it will report its financial and operating results for the quarter ended March 31, 2025 on Thursday, May 1, 2025, after the market closes. The Company will conduct its quarterly conference call on Friday, May 2, 2025, at 9:00 AM ET. To participate in the conference call, please follow the steps listed below: On Friday, May 2, 2025, dial +1 (877) 407-3982 approximately ten minutes before the call begins (8:50 AM ET); Tell the operator that you are calling for Pebblebrook Hotel Trust's First Quarter 2025 Earnings Conference Call; State your full name and company affiliation, and you will be connected to the call. A live webcast of the Earnings Call will also be available through the Company's website. To access, log on to ten minutes prior to the call. A replay of the conference call webcast will be archived and available online through the Investor Relations section of About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 46 hotels, totaling approximately 12,000 guest rooms across 13 urban and resort markets. For more information, visit and follow @PebblebrookPEB. View source version on Contacts Raymond D. Martz, Co-President and Chief Financial Officer, Pebblebrook Hotel Trust – (240) 507-1330For additional information or to receive press releases via email, please visit
Associated Press
14-03-2025
- Business
- Associated Press
Pebblebrook Hotel Trust Declares Dividends for First Quarter 2025
Pebblebrook Hotel Trust (NYSE: PEB) (the 'Company') today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on April 15, 2025, to shareholders of record as of March 31, 2025 (the 'Record Date'). The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company's preferred shares of beneficial interest as follows, each of which will be paid on April 15, 2025, to shareholders of record as of the Record Date: $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share; $0.39375 per 6.3% Series F Cumulative Redeemable Preferred Share; $0.39844 per 6.375% Series G Cumulative Redeemable Preferred Share; and $0.35625 per 5.7% Series H Cumulative Redeemable Preferred Share. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ('REIT') and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 46 hotels, totaling approximately 12,000 guest rooms across 13 urban and resort markets. For more information, visit and follow @PebblebrookPEB. This press release contains certain 'forward-looking statements' made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as 'may,' 'will,' 'should,' 'potential,' 'intend,' 'expect,' 'seek,' 'anticipate,' 'estimate,' 'approximately,' 'believe,' 'could,' 'project,' 'predict,' 'forecast,' 'continue,' 'assume,' 'plan,' references to 'outlook' or other similar words or expressions. These forward-looking statements relate to the payment of the dividends. These forward-looking statements are subject to various risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy and the supply of hotel properties, and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For further information about the Company's business and financial results, please refer to the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors' sections of the Company's SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company's website at All information in this press release is as of March 14, 2025. The Company undertakes no duty to update the statements in this press release to conform the statements to actual results or changes in the Company's expectations. SOURCE: Pebblebrook Hotel Trust Copyright Business Wire 2025. PUB: 03/14/2025 07:00 AM/DISC: 03/14/2025 06:59 AM
